New Issue: ABN Amro prices $0.125 million 23.75% reverse convertibles linked to First Solar

New York, June 29 - ABN Amro Bank NV priced $0.125 million of 23.75% Knock-In Reverse Exchangeable notes due Dec. 31, 2009 linked to First Solar, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par in cash unless First Solar shares fall below the protection price of $111.64, 70% of the initial price of $159.48, during the life of the notes and finish below the initial price in which case the payout will be 6.270 shares of First Solar stock.

ABN Amro Inc. is the agent.

Issuer:	ABN Amro Bank NV
Issue:	Knock-In Reverse Exchangeable notes
Underlying stock:	First Solar, Inc. (Symbol: FSLR)
Amount:	$0.125 million
Maturity:	Dec. 31, 2009
Coupon:	23.75%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless First Solar shares fall below the protection price of $111.64, 70% of the initial price, and finish below the initial price, in which case 6.270 shares of First Solar stock
Initial price:	$159.48
Protection price:	$111.64, 70% of $159.48
Exchange ratio:	6.270
Pricing date:	June 25
Settlement date:	June 30
Agent:	ABN Amro Inc.
Fees:	2.5%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.